Suppose Dejuan pays monthly student loan payment is $304, car note payment is $371, mortgage payment...

Question

Question

Suppose Dejuan pays monthly student loan payment is $304, car note payment is $371, mortgage payment is $925 and credit card

business finance

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

Honhly Debl paymunt Skudint Loan 30u Cay LOan Czadit caid 2094 Debt Gst Ratio ६৫ ८

Add a comment

Answer 2

Similar Homework Help Questions

Suppose Kedric has a monthly Best buy credit card payment of $144, motorcycle payment of $178,...

Suppose Kedric has a monthly Best buy credit card payment of $144, motorcycle payment of $178, mortgage payment of $750 and credit card payment is $49. If he takes home $2159 monthly, what is his debt limit ratio? Answer: Check
Suppose Kedric has a monthly Best buy credit card payment of $141, motorcycle payment of $226,...

Suppose Kedric has a monthly Best buy credit card payment of $141, motorcycle payment of $226, mortgage payment of $750 and credit card payment is $40. If he takes home $2540 monthly, what is his debt limit ratio? Answer: Check
Suppose Lee has monthly layaway payment of $117, car payment of $251, and credit card payment...

Suppose Lee has monthly layaway payment of $117, car payment of $251, and credit card payment of $83. If she takes home $2281 monthly, what is his debt limit ratio? Answer Check

Suppose Lee has monthly layaway payment of $117, car payment of $251, and credit card payment of $83. If she takes...

Suppose Lee has monthly layaway payment of $117, car payment of $251, and credit card payment of $83. If she takes home $2281 monthly, what is his debt limit ratio? Answer: Check
$ 80 Connie's monthly and yearly information. Monthly Pre-Tex Assets (Income): Gross Salary: $5,600 Stock Dividends...

$ 80 Connie's monthly and yearly information. Monthly Pre-Tex Assets (Income): Gross Salary: $5,600 Stock Dividends $ 150 Interest: Monthly Liabilities (Debt) Mortgage payment: $1,279 Student Loan Payment $ 100 Min. credit card payment $ 80 Car Loan Payment $ 300 Assets: Current value of home: $185,000 Current value of car: $18,750 Balance in checking account: $ 850 Balance of retirement account: $ 33,500 Value of stocks/bonds: $ 7,750 Liabilities: Balance owed on home mortgage: $150,500 Balance owed on home...
Jane’s gross monthly income is $3,300. She is applying for a mortgage loan that will have...

Jane’s gross monthly income is $3,300. She is applying for a mortgage loan that will have a $800 monthly mortgage payment (principal and interest). In addition, property taxes will be $200 per month, and homeowner’s insurance will be $50 per month. Jane’s other debt payments are $150 (car loan) and $100 (minimum payments on credit cards.) Will she qualify for a conventional mortgage loan if her lender requires the mortgage debt service ratio to be no more than 30% and...

You have $50,000 for down payment. Your monthly gross income is $5,000. Your monthly car loan...

You have $50,000 for down payment. Your monthly gross income is $5,000. Your monthly car loan payment is $300. You also need to pay $400 every month for property taxes and home insurance. The bank has a lending guideline for mortgage loan that total debt service (TDS) ratio cannot exceed 44% of monthly gross income. How much can you borrow from a 25-year conventional mortgage with an effective annual rate of 6%?
You have $50,000 for down payment. Your monthly gross income is $5,000. Your monthly car loan...

You have $50,000 for down payment. Your monthly gross income is $5,000. Your monthly car loan payment is $300. You also need to pay $400 every month for property taxes and home insurance. The bank has a lending guideline for mortgage loan that total debt service (TDS) ratio cannot exceed 44% of monthly gross income. How much can you borrow from a 25-year conventional mortgage with an effective annual rate of 6%? ____ A) $205,770 B) $232,810 C) $279,160 D) ...
If Anna has $170,800 mortgage balance $8,000 car loan $1,250 credit card balance $6,000 student loan...

If Anna has $170,800 mortgage balance $8,000 car loan $1,250 credit card balance $6,000 student loan and pays $1,475 health insurance premiums How much is her total LONG-TERM liabilities? A. 184,800 B.187,525 C.178,800 D.176,800 E.186,050

In underwriting a new 30-year, monthly payment mortgage loan at 5% interest for Jackie, the lender requires that Jackie...

In underwriting a new 30-year, monthly payment mortgage loan at 5% interest for Jackie, the lender requires that Jackie meet three ratios to be approved for the loan. First, the payment on her loan plus the monthly cost of homeowner's insurance of $200 plus monthly property taxes of $225 plus monthly home owner association fees of $100 can be no more than 28% of her gross monthly income. Second, the monthly total of the four items above plus her car...

Suppose Dejuan pays monthly student loan payment is $304, car note payment is $371, mortgage payment...

Homework Answers

Add Answer to:
Suppose Dejuan pays monthly student loan payment is $304, car note payment is $371, mortgage payment...

Post as a guest

Earn Coins

Suppose Kedric has a monthly Best buy credit card payment of $144, motorcycle payment of $178,...

Suppose Kedric has a monthly Best buy credit card payment of $141, motorcycle payment of $226,...

Suppose Lee has monthly layaway payment of $117, car payment of $251, and credit card payment...

Suppose Lee has monthly layaway payment of $117, car payment of $251, and credit card payment of $83. If she takes...

$ 80 Connie's monthly and yearly information. Monthly Pre-Tex Assets (Income): Gross Salary: $5,600 Stock Dividends...

Jane’s gross monthly income is $3,300. She is applying for a mortgage loan that will have...

You have $50,000 for down payment. Your monthly gross income is $5,000. Your monthly car loan...

You have $50,000 for down payment. Your monthly gross income is $5,000. Your monthly car loan...

If Anna has $170,800 mortgage balance $8,000 car loan $1,250 credit card balance $6,000 student loan...

In underwriting a new 30-year, monthly payment mortgage loan at 5% interest for Jackie, the lender requires that Jackie...

Suppose Dejuan pays monthly student loan payment is $304, car note payment is $371, mortgage payment...

Homework Answers

Add Answer to: Suppose Dejuan pays monthly student loan payment is $304, car note payment is $371, mortgage payment...

Post as a guest

Earn Coins

Add Answer to:
Suppose Dejuan pays monthly student loan payment is $304, car note payment is $371, mortgage payment...